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Energy / Oil Prices

Saudis Consider All Options Amid Oil Price Slide

Saudis Consider All Options Amid Oil Price Slide

Aug 12, 2019 at 17:20 | Nick Cunningham

Last week, oil prices were in free fall, but all it took was a simple rumor to halt the meltdown. WTI was just a whisker away from sub-$50 territory, and…

Texas Crude Is Fetching Better Prices

Texas Crude Is Fetching Better Prices

Aug 12, 2019 at 14:43 | Nick Cunningham

Several major oil pipelines connecting West Texas to the Gulf Coast are set to come online in the next few weeks and months, allowing more Permian oil to hit the…

Oil Rises As Market Awaits Saudi Move Counter Glut

Oil Rises As Market Awaits Saudi Move Counter Glut

Aug 09, 2019 at 09:16 | Tsvetana Paraskova

Despite another gloomy demand forecast out today, oil prices rose on Friday morning, following reports that OPEC’s kingpin Saudi Arabia is talking to other producers to devise a new strategy…

Oil Craters On Fears of Currency War

Oil Craters On Fears of Currency War

Aug 07, 2019 at 15:17 | Nick Cunningham

Oil prices plunged on Wednesday as fears of economic recession rose after a wave of interest rate cuts from around the world. In rapid succession, the central banks of India,…

The Threat That Will Send Oil Down To $10

The Threat That Will Send Oil Down To $10

Aug 06, 2019 at 10:31 | Nick Cunningham

Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline is going to be able to compete with…

Oil Crashes On New Trade War Escalation

Oil Crashes On New Trade War Escalation

Aug 05, 2019 at 15:23 | Nick Cunningham

Oil resumed its decline on Monday after China showed signs of not backing down in the face of more tariffs from the United States. It wasn’t just oil. Financial markets…

Here’s Why Canadian Oil Prices Are Finally Rallying

Here’s Why Canadian Oil Prices Are Finally Rallying

Aug 05, 2019 at 12:17 | Tsvetana Paraskova

“The pipeline companies are getting pretty creative on how they’re expanding some capacity out of the country,” Keith Chiasson, Executive Vice-President, Downstream at Cenovus Energy, said on the Q2…

Oil Could Plunge By $30 If China Restores Iranian Oil Imports

Oil Could Plunge By $30 If China Restores Iranian Oil Imports

Aug 05, 2019 at 12:05 | Tsvetana Paraskova

Should China decide to defy the latest U.S. tariff threat by ramping up imports of Iranian crude oil in open defiance to the U.S. sanctions on Iran, oil prices could…

Why Oil Prices Plunged Today

Why Oil Prices Plunged Today

Aug 01, 2019 at 14:57 | Nick Cunningham

Oil traders – along with financial markets everywhere – were disappointed with the decision by the U.S. Federal Reserve despite the first interest rate cut since the global financial crisis…

Oil Crashes As Trade War Escalates

Oil Crashes As Trade War Escalates

Aug 01, 2019 at 13:45 | Nick Cunningham

Oil prices crashed on Thursday immediately after President Trump announced another round of tariffs on China. ...during the talks the U.S. will start, on September…

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